Stock News Buzz: Haemonetics Corporation (NYSE:HAE)

Haemonetics Corporation (NYSE:HAE) changed 4.69% to recent value of $107.57. The stock transacted 410282 shares during most recent day however it has an average volume of 611.78K shares. It spotted trading -23.36% off 52-week high price. On the other end, the stock has been noted 69.64% away from the low price over the last 52-weeks.

On April 17, 2020, Haemonetics Corporation (NYSE:HAE) a global medical technology company focused on delivering innovative hematology solutions to drive better patient outcomes, reported the election of Michael Coyle to its Board of Directors.

Coyle serves as the Executive Vice President and Group President, Cardiac and Vascular Group for Medtronic where he oversees four of the company’s business divisions, providing strategic direction and ensuring the alignment of integrated growth plans and cross-functional synergies.

Coyle previously served on the boards of VNUS Medical Technologies and Volcano Corporation, medical device companies responsible for making catheter-based products.

Mike brings years of valuable expertise in the medical device space, including building global businesses and bringing technologies to important medical markets, that will be an asset as Haemonetics pursues transformational growth and advances its Innovation Agenda, said Richard J. Meelia, Chairman of Haemonetics’ Board of Directors.

Before joining Medtronic, Coyle provided leadership consulting services to private equity, venture capital and medical device technology firms. From 2001 to 2007, he served as a divisional president at St. Jude Medical where he led the company’s global pacemaker, implantable cardioverter defibrillator, and cardiac resynchronization businesses. Coyle also led the company’s Daig Catheter division in an earlier president role. Additionally, he held numerous leadership positions at Eli Lilly & Company.

HAE has a gross margin of 50.40% and an operating margin of 10.10% while its profit margin remained 8.00% for the last 12 months. Its earnings per share (EPS) expected to touch remained -24.20% for this year while earning per share for the next 5-years is expected to reach at 12.00%.

The company has 50.41M of outstanding shares and 49.86M shares were floated in the market. According to the most recent quarter its current ratio was 2.3 that represents company’s ability to meet its current financial obligations. The price moved ahead of 10.12% from the mean of 20 days, 3.19% from mean of 50 days SMA and performed -8.71% from mean of 200 days price. Company’s performance for the week was 7.08%, 44.70% for month and YTD performance remained -6.38%.

Notable News to Watch: Tarena International (NASDAQ:TEDU)

Tarena International (NASDAQ:TEDU) spotted trading -37.61% off 52-week high price. On the other end, the stock has been noted 394.69% away from the low price over the last 52-weeks. The stock changed -4.76% to recent value of $3.4. The stock transacted 458604 shares during most recent day however it has an average volume of 457.47K shares. The company has 53.08M of outstanding shares and 30.14M shares were floated in the market.

On April 9, 2020, Tarena International (NASDAQ:TEDU) notified that its board of directors (the Board) has appointed Mr. Yongji Sun as the Company’s Chief Executive Officer, effective on April 9, 2020. While resigning from the position of chief executive officer, Mr. Shaoyun Han, founder of the Company, will continue to serve on the Board.

Mr. Sun has served as an independent director of the Company since April 2014. Mr. Sun currently serves as the Chairman of Dilato Infotech Ltd. Between 2011 and 2014, Mr. Sun served as the Chief Executive Officer of Shangxue Education Technology Inc. Between 2005 and 2011, Mr. Sun served as Executive Vice President at Pactera Technology International Ltd., or Pactera (a Nasdaq listed company from 2010 to 2014). Prior to joining Pactera in November 2005, Mr. Sun co-founded Ensemble International Ltd. in 2002 and served as its Chief Executive Officer from 2003 to 2005. He founded and served as Chief Executive Officer of Newland Network Co. from 2000 to 2002. He established China R&D Center for Lotus Development Corporation (Lotus was later acquired by IBM) in 1993 and served as its R&D head until 1998. Mr. Sun received his bachelor’s degree in Computer Science from North-East Machinery Institute in 1985, master’s degree in Computer Science from Nanjing Aerospace & Aeronautic University in 1988, and MBA from Babson College, MA, U.S.A in 2000.

Mr. Shaoyun Han commented, We are pleased to welcome Mr. Sun as Tarena’s new Chief Executive Officer. His prior contributions to the Company, broad executive level experience and deep knowledge of China’s IT and education industries make him an ideal leader in helping to guide Tarena through the next stages of its transformation and further strengthening the Company’s leadership position in our industry.

The price moved ahead of -3.78% from the mean of 20 days, 8.15% from mean of 50 days SMA and performed 85.89% from mean of 200 days price. Company’s performance for the week was -6.85%, -0.29% for month and YTD performance remained 73.47%.